![]() ![]() Owner’s Drawings – for those times when you spend business funds on personal expenses such as groceries or school fees – anything that you buy that is personal and not used in the business.Loan Repayments (because these are not a deductible business expense so they don’t go on the P&L).There are also four “Other Funds Paid Out” columns that are linked to the Balance Sheet for activities such as:. or cashback rewards if you have that type of credit card – the ending total of this column is linked to the Balance Sheet under Liabilities.payments from your personal bank account – the ending total of this column is linked to the Balance Sheet under Equity as "Owner’s Capital". ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |